CO-OP completes acquisition of LoanLink Center

RANCHO CUCAMONGA, Calif. (11/4/09)--CO-OP Financial Services has finished acquiring the LoanLink Center, which provides member and loan services to members of roughly 350 credit unions.

The planned acquisition was first announced Oct. 7 by LoanLink's original owner, CUNA Mutual Group. The transfer was completed at the end of business Saturday.

CO-OP LoanLink will continue to operate in Fort Worth, Texas. No immediate changes are planned for business except a rebranding effort to recognize the service as a CO-OP offering. CUNA Mutual Group and CO-OP will partner in CO-OP LoanLink Center sales.

CO-OP LoanLink employs more than 300 individuals. The center has an exclusive agreement to use CO-OP's Next Generation Network (NGN) platform, which offers credit unions other CO-OP NGN services, including CO-OP Mobile and CO-OP My Deposit.

CO-OP Financial Services, Rancho Cucamonga, Calif., is a credit union service organization that provides credit unions with ATM access, processing, check imaging, shared branching and mobile payment services. The CO-OP Network offers credit unions access to 28,000 surcharge-free ATMs.

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